Equity Axis

08/10/2024

Highlights 08.10.24
✳️October Fuel Prices Go Down
✳️Cicada Solar Secures US$10 MN for Renewable Energy
✳️Hippo's Revenue surges, Production Ahead of Target
✳️WestProp Holdings Expands Ops with New Manufacturing Facilities
✳️ZECO Narrows Lose Position by 95% in 1HY

08/10/2024

African Sun Limited's HY Results: Losses Widen, but Real Estate Shows Promise
🚀 Real Estate Growth: +4% to 6% = $1.28M earned 🏠 📉 Financials: -$2.17M loss post-tax, but sales up 📊 🌟 Positives: Occupancy 50% (+4%) & $10.56M in cash 💰https://www.equityaxis.net/post/18087/2024/10/african-sun-limited-s-hy-results-losses-widen-but-real-estate-shows-promise

03/10/2024

Highlights 03.10.24
✳️ Brands Inches Closer to 1,000 Counters with 73 New Openings
✳️ Reports First HY Loss in Five Years
✳️ Surpasses 50% Occupancy Rate for First Time
✳️ASUN’s Loss Widens to US$2.2 Million Despite

02/10/2024

Padenga Records Highest Half-Year Gold Output
🥇 Record : 1,351 kg in HY
🏆 Beats Giants: ,
💲 Nears: $100M

Padenga Holdings Limited, Zimbabwe's third-largest gold producer, has recorded a 25% increase in gold output for the half-year period to June 30, 2024, to 1,351 kilograms, the highest in half-year per

02/10/2024

ZHL Set Sites on North Africa, Posts US$6.8 Million Profit
🌍 ACFTA Expansion Plans in North Africa: - 📈 Underwriting & Capital Boost - 💰 Revenue Streams Growth - 📊 Insurance Contracts: +63% to $31.6M - 🚀 PAT: $6.8M - ⚠️ Potential Challenges

Zimre Holdings Limited (ZHL Group) is planning to expand its footprint in North Africa, tapping into the vast opportunities presented by the African Continental Free Trade Area (AfCFTA). The group re

02/10/2024

Rainbow Tourism Group's Financial Performance Analysis
🏨 Historic 52% Occupancy
📊 Margins: - Gross: 66.67% - Operating: 3.98% - Net: 8.33%
📈 : 125%

The Rainbow Tourism Group's financial performance indicates a strong recovery in the hospitality industry. Key profitability measures demonstrate the company's ability to generate revenue and manage c

02/10/2024

RTG Surpasses 50% Occupancy, for the First Time Following Major Refurbishments
🏨 Record Occupancy: 52% in HY
🔧 Successful Refurbishments: Upgrades at 🌈 Towers &
💹 Strong Financial : Revenue $18M, EBITDA up 141%

Rainbow Tourism Group (RTG), the second-largest hotel group after African Sun, has achieved a remarkable occupancy rate of over 50% in the six months ended 30 June 2024. This marks a historic milest

01/10/2024

Unifreight Expands Cross-Border Operations, Introduces 4PL SBU to Boost Efficiency
💪 $90M Profit, 📈 12% Costs
🚚 4PL SBU Launched
🌍 Fleet to 100 for Cross-Border Ops

Unifreight Africa Limited is strategically diversifying its operations to mitigate the challenges posed by rising operating costs, which surged by 12% in the first half of 2024. This increase, driven

01/10/2024

Highlights 01.10.24
✳️Gold Leads Recovery: Aug Trade Deficit Drops 27.7%
✳️Padenga Records Highest Gold Output in 1HY24
✳️PPC Zim Cement Sales Fall 10.9% Amid Import Pressure
✳️SA's Aug Trade Surplus Lowest Since January
✳️Gold Price Nears Record High Amid Geopolitical Tensions

01/10/2024

This week's issue of The Axis Top story
✳️ Exchange Rate Riddle What Next for Govt?
https://rebrand.ly/The-Axis

30/09/2024

Zimbabwe's August Gold Exports Reach 37.9% of Total
🥇 Export Up: 37.9% of exports (Aug) 📈
📉Deficit Down: -27.7% to $198.7M 📉
💸Gold Price High:$2,660/oz (30th Sept) 📆

Zimbabwe's gold exports made a significant leap in August 2024, accounting for 37.9% of total exports, up from 34.2% in July and 30.5% in June, according to Zimstat's latest data. May still holds the

30/09/2024

Dairibord Rebounds to Profitability in HY24, Net Income at US$3.1M
📈ROE Boost: 11.07% from -2.63% 📈
📊ROA: 6.43% 📊
💰Profit Margin: 5.67% from -1.52% 💰
📅 Sales Growth: Up 2% 📅

Dairibord Zimbabwe Limited, the largest milk processor has posted a satisfactory performance in the first half of 2024 (HY24), despite encountering tax increases and currency challenges during the per

30/09/2024

Zimbabwe Limits Forex Withdrawals Abroad to US$2k: What it Means, Implications
🚨Forex Cap: $10,000 to $2,000 💵
💼Trader Squeeze: Higher costs, lower profits 📉
🔍Economic Strategy:Combat black market, stabilize rates 🏦
⚠️Side Effects:Possible inflation, less spending, more jobless 📈

The Reserve Bank has taken decisive action to curb capital flight and stabilize the formal economy by reducing the amount of foreign currency individuals can take out of the country from US$10,000 to

30/09/2024

RBZ Raises Policy Rate, Reserve Requirements: Implications for Banks, Businesses, Consumers
📈Policy Rate Hike: From 20% to 35%
🛡️Reserve Boost:Banks hold 30% of demand/call & 15% of savings/time deposits
💵 FX Withdrawal Cap:Reduced to US$2,000 from US$10,000

The Reserve Bank of Zimbabwe has raised the bank policy rate from 20% in April this year to 35%, according to the latest Monetary Policy Statement released last Friday. Standard and statutory reserve

27/09/2024

Axia Unveils Ambitious Retail Expansion Plan for FY2025
📺🏠 💰 FY2024 Highlights: - Profit:$5.96M
✳️Gross Margin:↑ 2% to $61.66M
📊 Financial Ratios:- ROE: 9.81%
✳️Net Profit Margin: 3.07%

Axia Limited, Retail Expansion, New Stores, TV Sales & Home, Transerv, Zimbabwe Retail, FY2025 Growth, African Retail Market, Retail Network Expansion, Business Development.

25/09/2024

First Mutual's Flagship Arundel Project Nears Completion: Occupancy Hits 89% Despite US$60.5 Million HY Loss
Projects: 🏢 , 🏠 Student, 🏙️ Financials: 💸 -$60.5M Loss, 📈 $4.34M Revenue

First Mutual Properties (FMP) is set to complete its flagship project, Arundel Office Park extension, whose scope involves building a double-storey office block with a basement, providing a lettable a

24/09/2024

First Mutual Reports Half-Year Loss of US$33.69 Million
💸 $50M revaluation loss from forex
🚑 Life & Health profits down 79%
🔄 Reinsurance local asset flop
🏢 NicozDiamond, First Mutual: growth

First Mutual Holdings Limited (FMHL) concluded the first half of 2024 with a significant loss of $33.69 million, a contrast to the $56 million profit reported in the same period last year. This downt

24/09/2024

ZiG's Downward Trajectory: Following Its Predecessors into Abyss of Failure
🚀 ZiG Premium Surged 122% in 5 months!
🏪 Retailers ditch official rates for ZiG pricing
🚫 Local production weak, imports dominant
💸 Government keeps flooding economy with cash

The Zimbabwe Gold (ZiG), the country’s latest currency initiative, appears to be one of the most ill-fated ventures in recent years, especially when compared to its predecessors: Bond Notes, RTGS, and

24/09/2024

Zim's Licensing Burden: Over 25 Licenses, Permits Required to Operate One Supermarket
🏪 headache: 25+ licenses needed!
🚫 Informal edge: dodge helps them
💸 Result? Closures, job loss, FX crunch

Operating a single supermarket in Zimbabwe requires over 25 licenses and permits, making it challenging for businesses to operate. This is despite the mantra, Zimbabwe is open for business. These li

24/09/2024

Dual Challenge, Single Solution: Old Mutual Launches US$100 Million Renewable Energy Fund
💥 $100M Fund for 🌞 power in ! 🌍 Goals: Less emissions.
🔋 Focus: , .

As Zimbabwe grapples with an ongoing energy crisis, Old Mutual Zimbabwe has announced the launch of a US$100 million private equity fund aimed at renewable energy investments. With the country strivi

24/09/2024

Retailers Urge Government to Abandon Pegged Exchange Rate: Will Government Heed?
📉 Real-time market rates needed!
🌿 Huge 122% market gap!
🚔 FIU: From enforcer to advisor.
🛍️ Formal retail? Needs discounts!

The Retailers Association of Zimbabwe (RAZ) has urged the government to abandon the pegged exchange rate system in favor of a market-determined exchange rate, believing this shift could revitalize the

24/09/2024

This week's issue of The Axis Top story
✳️ Gold Rallies Zimbabwe's Jackpot Ahead? https://rebrand.ly/The-Axis

20/09/2024

NMB Holdings Profitability Slumps, Non-Performing Loans Rise to 1.2% in H1 2024
📉 Profit nosedives to 688M from 1.14B.
📊 Bad loans up to 1.2% from 1.1%.
💰 Assets drop to 3.5B from 3.9B.
🚀 New funding set for 2nd half growth.

NMB Bank's non-performing loan (NPL) ratio rose to 1.2% in the first half of 2024, up from 1.1% at the end of 2023. This increase, coupled with the recalibration of the local currency book following

20/09/2024

Highlights 20.09.24
✳️RBZ Injects US$114 Million to Stem ZiG's Free Fall
✳️Foreign Currency Inflows Surge 13.4% in 8 Months
✳️NMB Bank Zimbabwe's Profits Slump as Non-Performing Loans Rise
✳️First Mutual Holdings Limited Swings to US$33 Million Loss
✳️SA Cuts Interest Rates for First Time in 4 Years